PSU Banks trade at discount to private banks due to this reason

Unreal inefficiency

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Kaand Union Bank ne kiya (-7%) lekin maar Bank of Baroda ko sabse zyada padi (-10%)

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For nine months ended dec 24 this bank made a total income of 95,866 cr

They might have ordered this book costing 7 cr.

The idea would be to give it away as compliments to their customer. Dont understand the hue and cry.

I see idfc bank ads on cricket stadium which means they must have paid for this and comes under advertisement budget. They have roped in Big B in all of their ads in internet. I am sure Big B must have charged them heavy. Do anyone open a bank ac just because big B is on the website. Never understood. Cricket i can still understand as their name idfc is seen by millions.

Federal bank gives out bags etc during year end to attract casa.
For a bank which has a revenue of what was mentioned is this such a issue.

Many years ago banks as a practice used to give gifts such as calendar leather wallet xmas cakes etc to customers.

At least they are giving a book and not buying spots for a cricket match.